Celo's Return to Ethereum
summary
Celo announces a plan to migrate to Ethereum L2 while keeping sub‑cent fees and gas paid in stablecoins, leveraging EigenDA for data availability and an existing validator set repurposed as a decentralized sequencer. The chain reports over 600,000 smart wallets and apps like GoodDollar (≈500,000 daily claimants), ImpactMarket (≈60,000 onboarded with on‑chain microcredit) and Plastiks (FC Barcelona NFTs tied to one ton plastic offsets) already running on its ReFi stack and mobile‑first clients like Plumo.
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chapters (15)
- 0:00Intro and Celo’s Ethereum L2 announcement
- 0:37Why “return” to Ethereum? A look at the journey
- 1:13Overview of Celo’s origin and mission
- 2:22Limitations of Ethereum in 2017-2020
- 3:03Gas fees in stablecoins and mobile UX design
- 4:07Real-world use cases on Celo
- 4:42GoodDollar and universal basic income
- 5:20ImpactMarket and on-chain microcredit
- 6:24Grassroots Economics: local currencies in Kenya
- 7:35Plastiks and FC Barcelona plastic-offset NFTs
- 8:43Growth of the Celo ecosystem and active users
- 9:50Why now is the time for Celo to move to L2
- 10:20Proposed L2 architecture using EigenDA
- 10:54Decentralized sequencer via Celo validators
- 11:30Invitation to developers and call to action
related talks
21mMay the Fork Be With You Why Celo is the ETH L2 You're Looking For
30mCelo's Move to Ethereum
15mKeynote – MAREK OLSZEWSKI
46mYou Had Me At Celo / Toss a CELO To Your Prestwicher:
25mScaling Ethereum and Real-World Adoption of Web3
25mThe Decentralized Future: Interoperability And Scalability
31mBuild on
25mMake it Mobile or Else